North East Labour MEP condemns decision to slash support for Carbon Capture and Storage (CCS)
Jude Kirton-Darling, Labour Member of the European Parliament for North-East England, has today condemned the decision of the UK Conservative government to withdraw one of the key sources of funding for future Carbon Capture and Storage (CCS) projects.
Since 2012, the 'UK Carbon Capture and Storage (CCS) Commercialisation Competition' has made £1 billion of capital funding available to promote the design, construction and operation of the UK’s first commercial-scale CCS projects.
Today (25th November 2015), the Government announced, in its annual spending review, that it will be withdrawing this funding, effectively withdrawing real government support for CCS.
Speaking from the European Parliament in Strasbourg, Jude Kirton-Darling said:
"Today's decision is the final nail in the coffin of the lie that this Tory government have any commitment to tackling climate change or defending UK industry."
"CCS will be a critical component of a low carbon future for Europe. By capturing harmful emissions at the point of production, then transporting and storing them into secure offshore sites, CCS can help tackle climate change and smooth our transition from fossil fuels to low-carbon energy generation. This technology can also provide the only cost effective and sustainable future for many of our beleaguered energy intensive industries, such as steel, cement, fertiliser and chemicals."
"CCS will not only help secure existing jobs, it has the potential to help create thousands more high-quality, secure positions across Europe, particularly in the UK."
"This technology, like all large scale innovation, needs clear and consistent government support in its initial development, including financial investment. However, such investment's often provide high financial returns for the government, while ensuring a vital service is provided for the public."
"While the U.S, China, Norway, Canada and many other governments around the world recognise just how crucial CCS is, and are investing now, the Conservative Government is instead allowing the UK to miss an excellent opportunity for jobs and growth."